SKY - Nov 5 - SuccessfulMatch, the parent company of Positive Singles, is ordered to pay $16.5M in damages for displaying members' images on other sites. A lawsuit alleged that the plaintiff - known only as John Doe - and other members of Positive Singles were misled about their privacy when they joined the site. A jury agreed with Mr Doe's claim, and ordered the dating company to pay $1.5M in compensation to him, plus $15M in punitive damages.

TECH CRUNCH - Nov 4 - Sean Rad will step down as Tinder’s CEO. He is to remain with the company and serve as the president of the board. Tinder and IAC will soon start looking for a replacement CEO. Pushing out a young CEO from a growing company is hardly a new tactic. It remains unseen if Rad will stick around at his new post. Yet IAC cannot take away Sean Rad’s title of Tinder founder. He holds 10% of the company’s value.

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IAC Acquires Mobile App Developer Apalon

SEEKING ALPHA - Nov 3 - Apalon is a Belarus-based mobile app development firm. Apps developed by Apalon include Weather Live and Notepad+. The terms of the deal were not disclosed.

AUSTIN BUSINESS JOURNAL - Nov 5 - Interested Inc, the parent company of ThreadDating.com, a mobile dating app aimed at college students, has raised $585K of a planned $610K financing. Interested was founded by 17-year-old Zachary Dell. It claimed 1K members last month.

MIC - Nov 5 - Tinder will soon launch an "undo" feature, meaning users will get a second chance on people they mistakenly swiped left on. The button is something that users have "been begging for" since Tinder launched two years ago. It's unclear when the button will appear, but it's part of a bevy of new features that Tinder is launching as pressure mounts from owner IAC to turn a profit. There are plans to launch premium features like "Places," which lets "people who frequent the same spots to meet over the app".

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Chinese Gay Dating App Blued Raises $30M In Funding

GAYSTARNEWS - Nov 3 - The app claims 15M users, 300K of whom are overseas and 20% of whom log on daily. In comparison, Grindr has 5M users. The company would use the investment to improve talent and the product.

PEHUB - Oct 31 - Venture capitalists are giving online dating apps their confirmation. More than a dozen mobile apps and social sites have collectively raised $70M. Coffee Meets Bagel, which started in 2012, has raised $3.4M from Lightbank and others. The growth in mobile and the increased attention to dating apps come as Tinder is gaining more attention. Josh Breinlinger, venture partner with Sigma West, has not funded a mobile dating app, but he said there “is a huge market for it." "It’s not a new industry, but with mobile, there’s a whole new opportunity.”

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